Mumbai/Gurugram, India, June 1, 2026 — Black Box Limited (BSE: 500463 | NSE: BBOX), a leading global digital infrastructure integrator, and AIONOS, an AI-native enterprise technology company, today announced a strategic alliance to help enterprises accelerate AI transformation; from infrastructure build-out to measurable business outcomes.

The alliance combines Black Box’s expertise in digital infrastructure, including data centers, network connectivity, modern workplace solutions, and managed services, with AIONOS’s applied AI platforms and domain-led solutions, enabling organizations to build, deploy, and manage AI with security and resilience embedded at every layer.

CP Gurnani, Co-Founder & Vice Chairman, AIONOS said, “India is at an extraordinary inflection point. We are not just consuming AI, we are building it, exporting it, and setting the agenda for how the world deploys intelligent technology at scale. This alliance between AIONOS and Black Box is a direct expression of that belief. Black Box brings the digital infrastructure engine spanning data centers, enterprise networks, and IoT across 35+ countries, and together we cover the entire journey from the physical layer to the AI application layer.”

The two companies will jointly collaborate in developing industry-focused solutions and expanding go to-market opportunities across India, North America, EMEA, and APAC. In India, a key focus area will be the rapidly expanding Global Capability Centre (GCC) ecosystem, where the alliance is uniquely positioned to help GCCs build AI-ready infrastructure, deploy enterprise-grade AI solutions, and create intelligent, scalable operations that integrate seamlessly with their global parent organizations.

“AI transformation begins with a strong digital foundation, and Black Box enables that foundation through mission-critical infrastructure, connectivity, and managed services that power enterprise operations worldwide. Combined with AIONOS’s applied AI platforms and domain expertise, we can help organizations move from AI ambition to AI at scale, connecting infrastructure, operations, and intelligence to create measurable business value.” said, Sanjeev Verma, President & CEO, Black Box.

What Enterprises Gain Through This Alliance 

For enterprises, this alliance delivers a unified approach to AI adoption across the full technology stack, from digital infrastructure and OT/IoT connectivity to industry-specific AI solutions, with security, resilience, and governance built into every layer. Every engagement is anchored in measurable business outcomes, including productivity improvements, cost optimization, revenue growth, and competitive differentiation, delivered through a single, globally capable, end-to-end alliance.

“Enterprises do not need more AI ambition. They need a partner who can make AI real across their entire business. That is exactly what this alliance is built for. AIONOS brings the AI platform, data capabilities, and vertical intelligence. Black Box brings the global infrastructure and delivery scale. Together, we give enterprises a single, accountable partnership that owns the transformation journey, from infrastructure to intelligence, from strategy to outcomes.”, concluded, Simmi Dhamija, Chief Operating Officer, AIONOS.

Mumbai, May 13, 2026: Black Box Limited (BSE: 500463 | NSE: BBOX), the technology arm of Essar and a leading global provider of digital infrastructure solutions, today announced the successful completion of its acquisition of 2S Inovações Tecnológicas S.A., a leading Brazil-based provider of digital infrastructure, data center networking, cloud, cybersecurity, and managed technology solutions. The acquisition marks a significant milestone in Black Box’s global growth strategy and further advances its long-term objective of achieving US$2 billion in annual revenues by 2030.

The effective date of acquisition is May 1, 2026.

Established in 1992 and headquartered in São Paulo, Brazil, 2S Inovações Tecnológicas delivers end-to-end digital infrastructure solutions spanning consulting and strategy, enterprise and data center networking, cloud and hybrid infrastructure, cybersecurity operations, systems integration, managed services, and lifecycle optimization. The company is recognized for its strong capabilities in mission-critical networking, hyperscale-ready data center infrastructure, collaboration, and security solutions built on leading global technology platforms.

The acquisition significantly strengthens Black Box’s capabilities and market presence across Latin America, particularly in high-growth areas such as data center networking, digital connectivity, cybersecurity, and managed infrastructure services. The transaction also reinforces Brazil’s strategic importance within Black Box’s global operations as enterprises, cloud providers, and hyperscalers continue to invest in next-generation digital infrastructure across the region.

Brazil’s rapidly expanding digital economy, increasing cloud adoption, accelerating AI-driven infrastructure investments, and strong engineering talent base position the country as an important regional hub for digital infrastructure transformation and technology services delivery.

“The acquisition of 2S marks another important milestone in Black Box’s global growth journey and further strengthens our strategic position in the high-growth LATAM market,” said Sanjeev Verma, Whole-Time Director & Chief Executive Officer of Black Box. “2S brings deep expertise in Cisco networking, enterprise and data center infrastructure, cloud, cybersecurity, and managed services, which strongly complements Black Box’s global capabilities across digital infrastructure, networking, connected workspaces, and technology integration.

As enterprises worldwide accelerate investments in AI, cloud, cybersecurity, and digital connectivity, the demand for resilient, scalable, and secure network and data center infrastructure continues to grow significantly. This acquisition enhances our ability to support customers across the full lifecycle of digital infrastructure transformation – from network modernization and data center integration to managed operations and cybersecurity. 

This acquisition also reflects our continued focus on disciplined inorganic growth as a key pillar of our long-term strategy. The transaction is expected to contribute approximately Rs. 500 crores in annualised revenues and further strengthens our networking and data center business across Latin America while enhancing our ability to deliver integrated, end-to-end digital infrastructure solutions globally. 

Together, we are building a stronger platform to drive innovation, operational excellence, and sustainable long-term value for our customers, partners, and shareholders.”

The quarter was marked by several key victories, including a landmark INR 240 crore order for a large-scale infrastructure modernization initiative with one of the United States’ largest hospital networks. Additionally, Black Box secured over INR 225 crore in data center service contracts with major global hyperscalers. The company also expanded its footprint in the transportation sector, winning over INR 130 crore in new orders for airport modernization projects. In the education sector, Black Box was awarded a contract worth INR 90 crore by a leading U.S.-based university.

Further strengthening its position, Black Box secured significant orders outside of the U.S., with notable wins in the Asia-Pacific and Indian markets. These included a INR 90 crore engagement with a major consumer electronics firm in APAC region, as well as two large deals in India, one in the telecommunications sector for 5G rollout by Indian telcos and another with one of the largest municipal corporations totalling INR 180 Cr. These wins highlight the company’s continued strength in delivering high-value digital infrastructure solutions across a broad spectrum of industries.

Black Box’s strategic initiatives, including the appointment of a Chief Revenue Officer for the U.S. market and the expansion of industry-focused sales leadership, have been pivotal in driving this momentum and accelerating growth across key verticals and geographies.

“We are seeing strong, sustained client demand for the modernization of IT and networking infrastructure to stay competitive in an increasingly digital-first world,” said Sanjeev Verma, Whole Time Director, Black Box Ltd. “This demand is fuelled by the growing recognition that digital infrastructure is central to AI adoption and long-term business resilience.”

Verma added, “This quarter’s exceptional performance validates our strategic priorities and reinforces our commitment to disciplined execution. As we continue to innovate and enhance our global go-to-market capabilities, we are well-positioned to deliver lasting value to our clients and stakeholders.”

 Bengaluru, August 14, 2024: Black Box Limited (BSE: 500463) (NSE: BBOX), a leading IT solutions provider, announced its results for the quarter ended 30^th June 2024. The company’s focus on enhanced productivity and improved deal margins has led to a notable increase in both EBITDA and PAT margins.

Consolidated Performance Highlights:

Profit and Loss:

For Q1FY25, profit after tax surged by 55% Year-on-Year (YoY), reaching Rs. 37 cr compared to Rs. 24 Crs in Q1FY24. PAT margins improved to 2.6%, an increase of 110 basis points from the previous year. This strong operating performance has significantly enhanced overall profitability.

Black Box has demonstrated notable financial strength with a remarkable 28% Y-o-Y increase in EBITDA, reaching Rs. 115 crore for Q1FY25. EBITDA margins improved substantially by 240 basis points Y-o-Y to 8.1%. The company’s continued focus on enhancing margins and productivity is evident, with efforts geared towards achieving a 9% EBITDA margin by the end of FY25.

Revenue for Q1FY25 stood Rs 1,423 crore, compared to Rs 1,571 crore in Q1FY24. Despite this, the company’s pipeline remains robust, with the order book growing to US$ 475 million as of June 30, 2024.

During the quarter gone by, deal wins from Data Center and In-Building 5G solutions stood at ~$11 Mn.; Digital Workplace, Connected Building, CX, Networking Solutions, On Demand solutions and Managed Services stood at ~$13 Mn.; and deal wins from KVM solutions stood at ~$4 Mn. Black Box is Essar’s key investment in the technology space.

The Board has recommended appointment of M/s. M S K A & Associates, Chartered Accountants, (an

independent member firm of BDO International) as Statutory Auditors of the Company in place of

retiring auditors, M/s. Walker Chandiok & Co. LLP, Chartered Accountants (existing Statutory Auditors

of the Company), for period of 5 (Five) consecutive years commencing from the conclusion of 38th AGM

till the conclusion of 43rd AGM of the Company to be held in the financial year 2028-29, for approval

of shareholders at the forthcoming AGM.

Commenting on the results and performance Mr. Sanjeev Verma, Whole Time Director, Black Box said, “Our strategic exit from low-value, non-accretive customers had a short-term impact on revenue. However, our relentless focus on productivity and margins allowed us to meet EBITDA targets and nearly achieve PAT guidance. Core operations demonstrated robust strength, with substantial growth in key areas, highlighting the resilience of our business model. We have made significant strides, investing heavily in our Go-To-Market strategy, and hiring seasoned sales and solution architects with industry-specific expertise. As we move into FY25, our focus will remain on capitalizing on our strong pipeline and robust order book. With each business segment gaining momentum, we are confident in our ability to deliver enhanced performance and meet our revenue and profitability guidance.”

 Mr. Deepak Kumar Bansal, Executive Director and Global Chief Financial Officer of Black Box, commented, “The growth in topline was affected due to delays in decision-making, leading to delayed project execution coupled with muted demand for our product business from some federal partners during the quarter. However, we continue to deliver on EBITDA and profitability over the last few quarters with strong focus on productivity and deal margins, as evidenced by a 28% YoY growth in EBITDA and 55% YoY increase in our profit after tax. We are optimistic that this trend will continue, enhancing both margins and overall profitability. Further, we secured Rs. 410 crores in funding to propel growth across key focus areas and to drive expansion in the digital infrastructure sector.”